All too often inventors and entrepreneurs spend so much time creating that they lose perspective. They have their head down, plowing forward, focusing only on the day-to-day operations associated with inventing and growing a business. Almost without fail, inventors know very well what they have invented and what they plan to do, but they have a terrible sense of what their invention could be.
There is something peculiar about the inventively creative mind that all too frequently causes inventors to get stuck in one lane. An important part of creating a valuable invention is to creatively imagine how and where the invention could be deployed in a variety of different contexts. An invention that can be implemented in a variety of different settings turns something nice into something potentially very special. See Keeping an Expansive View of the Invention.
Throughout my career I have had many conversations with a number of different inventors who all thought that we didn’t understand the invention because the first draft of the patent application seemed to miss the simplicity of his invention. Our job as patent attorneys is to not only try and protect the invention presented, but to work with the inventor to figure out the full glory of what the invention could be and what it could evolve into. Furthermore, characterizing an invention as simple is a mistake of enormous proportions. What you have is not simple, but rather an elegant solution that can take a variety of forms. Because if it is simple the patent examiner will almost certainly reject the patent claims as being obvious. The point here is two-fold: (1) Expansively describe the variations and alternatives to capture the full available scope; and (2) simple inventions are obvious, so don’t ever trivialize your own invention. See When is an invention obvious.
A patent application should certainly protect what the inventor is doing and what they want to do, but remember that in order to get a patent you do not have to produce a working prototype. You just need to be able to explain the invention with sufficient detail so that others skilled in the relevant technology area could both make and use the invention themselves without having to engage in undue experimentation. What is “undue experimentation” is a topic for another day, but suffice it to say that invariably what the “invention” is from a patent perspective is much broader than what an inventor thinks they have, and that is one critical reason (among many) why if you can afford to hire a patent attorney or patent agent you are always going to be better served by doing so and will wind up with much broader protection than doing it yourself. Inventors will either hyper focus on the invention and leave much available patent scope not captured, or they will play coy and only describe things in the most general terms, thereby hiding the invention specifics and rendering any application fatally defective. Particular attention must be paid to guarding against both tendencies. See Appropriately Disclosing an Invention.
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I constantly preach to inventors and entrepreneurs that they need to approach inventing in a business responsible way. That means that you should have immediate, short-term, intermediate and long-term goals and plans in place. Treat the invention from day one as if it will be wildly successful because if you don’t it will be too late once you realize that this is the homerun you have always dreamed about.
Appropriate planning will include, among many other things, giving consideration to what the next several phases of development will be if phase 1 turns out to be successful enough to warrant phase 2 and beyond. By doing this you will start to fill out those short-term, intermediate and long-term goals, which if they can be defined enough on paper can and should be integrated into your patent application. Always think about where you want to go and how you want to get there, as well as thinking about what the competition may want to do to elbow their way into your turf if you are successful. The business reality is if you are successful there will be others who want to get into your marketplace and compete against you; that is economics 101. So treat your patent application as a master plan and an integral part of your business development.
It is also critical for inventors and entrepreneurs to have a strategy to succeed, which seems simple enough, but is typically anything but simple for the creative types that are so good at inventing. The goal is not to create an invention that is cool, the goal is not to get a patent, but rather the goal is to make money. Having a cool invention and an issued patent are a means to the end, not the end in and of themselves. One cannot expect a money truck to show up on your doorstep simply because you have invented something or gotten a patent. So you must consider what it is you want to do with a patent as a part of an overall business strategy.
If you approach your patent activities appropriately you can lay the foundation of a business plan, at least insofar as the technology and technological advancement of your innovation is concerned. But like almost everything in life, there is a cost associated with succeeding. The cost is hard work to be sure, but there will also be significant financial requirements as well. While you may need to bootstrap your invention and business, as you move forward you will invariably need funding, from Angel investors to start, and maybe from Venture Capitalists eventually. The more business responsible you have been along the way the more likely you are to be taken seriously. Inventors cannot under estimate the importance of being taken seriously.
Fatih Ozluturk is a prolific inventor with over 200 issued patents. His patents have resulted in over $1 billion in licensing revenue. Ozluturk is now an Angel investor and works with incubators in New York City. I interviewed him earlier this year and he explained to me that when he sees inventors taking business appropriate steps it creates a positive perception. See Provisional patents are like chicken soup, good for everybody. Ozluturk explained:
When I look at a company and see that the founders took the time to file patent applications, whether I believe that the patents will issue or not, it indicates to me that this is a group of entrepreneurs that understand their technology, they take it seriously, they run their business as a serious enterprise. They protect their intellectual assets. They’re seeing it as something more serious than just a weekend project. So it indicates to me a certain level of seriousness and attention to what they’re creating. And it indicates to me a certain level of pride in what they’re creating. This is regardless of whether their patents eventually issue or not. To me, making the effort and filing a provision application always reflects well on the company.
Regardless of what you may have read or been told, investors love patents and a coherent patent strategy. Patents provide a competitive advantage, and those sophisticated in business know enough to look for and exploit whatever competitive advantage exists. Patents are the 800 pound gorilla of competitive advantage, but realize if you are going to want and need significant sums of money from investors rarely does a single invention or patent command attention. No one wants to invest significant funds into a company that has a one-and-done approach to innovation. That is why the most valuable inventions will have applicability in a variety of fields, and will have a variety of different implementations, alternatives and variations.
Patents act as a barrier to entry and you want that barrier to be as high as possible. You need to understand the road is long. Take a lesson from Apple, Inc. Innovate and then churn your innovation for all its worth, re-purposing the technology, expanding into products and services, constantly push the envelope and milk the golden goose for all its worth!
For more information on patent application drafting please see:
- Is This Patent Any Good? How to Tell a Good Patent From a Bad One
- 7 Things C-suite Executives Need to Know About Patents
- Why Does It Cost So Much to Prepare Patent Applications?
- There is no such thing as a provisional patent
- What is a patent and where do patent rights come from?
- Patent Claim Interpretation: The Broadest Reasonable Interpretation Standard
- The Best Mode Requirement: Not disclosing preferences in a patent application still a big mistake
- First to File Means File First! The Risk of Not Immediately Filing a Patent Application
- PCT Basics: Obtaining Patent Rights Around the World
- Sell Your Ideas With or Without a Patent
- Understanding the Patent Law Utility Requirement
- Searching the Art Behind Innovation
- The importance of a quality patent search for strategic monetization of innovation
- Understanding Obviousness: John Deere and the Basics
- Invention to Patent 101 – Everything You Need to Know to Get Started
- Software Patents and Murphy’s Law: Uncertainty is Where Patentability Resides
- When should you do a Patent Search?
- Design Patents 101 – Protecting Appearance Not Function
- The Top 5 Mistakes Inventors make with their Invention
- Patent Searching 101: A Patent Search Tutorial
- Patent Strategy: Building a patent portfolio with meaningful rights
- Patent Strategy: Laying the Foundation for Business Success
- When Should a Do It Yourself Inventor Seek Patent Assistance?
- Patent Cost: Understanding Patent Attorney Fees
- US Patent Office Fees
- The Cost of Obtaining a Patent in the US
- An Inventor’s Guide to Being Taken Seriously by Patent Attorneys
- Provisional patents are like chicken soup, good for everybody
- Plausibly estimating the market for your invention
- The Business Responsible Approach to Patents and Inventing
- A beginner’s guide to patents and the patent process
- Every invention starts with an idea
- Patent Drafting: Thinking outside the box leads to the best patent
- How to Know When You’re Ready to File a Nonprovisional Patent Application
- Are you Ready to File a Provisional Patent Application?
- The Importance of Keeping an Expansive View of the Invention
- Why Inventors Should Not Rely On Their Own Search
- Getting Your Invention to Market: Licensing vs. Manufacturing
- Patent Drawings 101: The Way to Better Patent Applications
- How Long Does a Patent Last?
- Understanding Patent Claims
- Different Types of U.S. Patent Applications
- Utility Patent Applications – Content and Substance
- Moving from Idea to Patent – When Do You Have an Invention?
- The Patent Process on a Tight But Realistic Budget
- The Risk of Not Immediately Filing a Patent Application
- Obtaining Exclusive Rights for Your Invention in the United States
- The Story of How Patents Promote Innovation
- The Successful Inventor: Patenting Improvements
- Q & A: File a Patent Application Before Market Evaluation?